Discuss the impact of hacking on businesses and... - SS3 ICT Security And Ethics II Question

Hacking can have severe consequences for both businesses and individuals. For businesses, hacking can lead to data breaches, financial losses, damage to reputation, and legal liabilities. It can result in the loss of sensitive customer information and trade secrets. Individuals can suffer from identity theft, financial fraud, and invasion of privacy. Hacking can also lead to emotional distress and the need for costly recovery efforts, such as credit monitoring and legal assistance.